Stephen Elop

NEW YORK: Nokia's Devices & Services top executive Stephen Elop will get 18.8 million euro (about $25.5 million) if the deal to acquire the handset business of the Finnish company by Microsoft goes through. Elop, who earlier served as CEO of Nokia, after the closing of the $7.2 billion deal is expected to join the US-headquartered software giant. "Although the actual amount of these termination payments (to Elop) and the value of equity acceleration will not be...

By Nick Wingfield SEATTLE: Microsoft plans to announce a major round of layoffs as early as Wednesday, as the company seeks to further cut costs amid a shifting technological landscape. The layoffs are in addition to the roughly 18,000 employees that Microsoft said it planned to let go a year ago, according to people briefed on the plans who asked for anonymity because the details were confidential. The new job cuts are expected to affect people...

Stephen Elop, the former Nokia chief executive who is now executive vice president of Microsoft Devices , is widely seen as the man who oversaw the transition of the Finnish iconic firm's devices business as a part of the software major. In his first interaction with the Indian media since Microsoft bought Nokia's devices, Elop talks to Anandita Singh Mankotia on the sidelines of the Mobile World Congress in Barcelona about the device...

Nokia Chief Executive Stephen Elop says that the handset maker's failure to respond to changing market dynamics in India, and its comeback in the dual SIM segment here, has taught the company to listen to consumer demands, and the learning is being applied across its operations globally. In an interaction with ET's Joji Thomas Philip during the recently concluded Mobile World...

Stephen Elop, the former Nokia chief executive who is now executive vice president of Microsoft Devices , is widely seen as the man who oversaw the transition of the Finnish iconic firm's devices business as a part of the software major. In his first interaction with the Indian media since Microsoft bought Nokia's devices, Elop talks to Anandita Singh Mankotia on the sidelines of the Mobile World Congress in Barcelona about the device...

NEW DELHI: As Nokia prepares for life without its iconic mobile phone business, the Finnish company is also preparing to welcome a new leader. According to European media reports, the next Nokia CEO could very well be 47-year-old India-born Rajeev Suri, currently the chief executive at Nokia Solutions and Networks. Nokia is expected to make an official decision later on Tuesday when it is scheduled to announce the first quarter results...

Nokia Chief Executive Stephen Elop says that the handset maker's failure to respond to changing market dynamics inIndia , and its comeback in the dual SIM segment here, has taught the company to listen to consumer demands, and the learning is being applied across its operations globally. In an interaction with ET's Joji Thomas Philip during the recently concluded Mobile World Congress inBarcelona, Elop, who unveiled six new phones during the event, says...

By Nick Wingfield SEATTLE: Microsoft plans to announce a major round of layoffs as early as Wednesday, as the company seeks to further cut costs amid a shifting technological landscape. The layoffs are in addition to the roughly 18,000 employees that Microsoft said it planned to let go a year ago, according to people briefed on the plans who asked for anonymity because the details were confidential. The new job cuts ...

In a smartphone world dominated by Apple's iPhone and Google's Android, Nokia's partnership with Microsoft is being seen by many as a last ditch effort to woo consumers. Nokia's aging Symbian platform has done little to combat the might of the iPhone and Android in the high-end smartphone market, while Microsoft's Windows Phone 7, though visually stunning, is not picking up pace as expected. However, come 2012, and we'll start to see Nokia phones powered by...

HELSINKI: Nokia's E7 phone will make its delayed debut this week, as the world's largest phone maker by volume tries to recover ground lost to Apple and Google in the smartphone market. Nokia had postponed the rollout of the top-of-the-range E7 in December "to ensure the best possible user experience". The E7 is similar to its N8 model but has a full slideout keyboard. The N8 was also delayed and, after launch, Nokia admitted some of...

The Microsoft-Nokia (Mokia) alliance is almost certain to fly, mobile experts believe, with a better choice for consumers and brands alike, while making life difficult for business favourite BlackBerry. Nokia remains the world's largest handset manufacturer, but its market share has been slipping for some time. Microsoft's Windows Phone remains a bit-player in the smartphone market. But this is likely to change as Nokia's chief executive Stephen Elop signed a...

NEW DELHI: Finnish handset maker Jolla, founded by some ex-Nokia employees, is in talks with partners to sell its smartphones in India, initially by tapping the popular e-commerce route. "Jolla is now rapidly entering into new markets , and is negotiating with partners in several countries, including Russia, India and Hong Kong where Jolla will open online sales in the near future," the company today said in a statement. The company has built its own operating...

Finnish handset-maker Nokia will ensure that the transition to becoming a Microsoft company is smooth such that its focus on consumers, market and business continuity remains intact, P Balaji , the company's India managing director told ET's Gulveen Aulakh . Having broadened its smartphone range this year, Nokia will focus on its 150-million-strong volume base in the feature phones segment next year. The company is placing its bet...

NEW YORK: Nokia's Devices & Services top executive Stephen Elop will get 18.8 million euro (about $25.5 million) if the deal to acquire the handset business of the Finnish company by Microsoft goes through. Elop, who earlier served as CEO of Nokia, after the closing of the $7.2 billion deal is expected to join the US-headquartered software giant. "Although the actual amount of these termination payments (to Elop) and the value of equity acceleration will not...

By Jaspal Singh Sabharwal In Greek mythology, there were two Titan brothers: Prometheus and Epimetheus. Prometheus means "fore-thinker", and Epimetheus "after-thinker". Prometheus, who gave humans fire, represents the progress of civilisation, while Epimetheus represents backward thinking, staleness and indecision. Nokia used to be, and can be again, a fantastic example of what Prometheus symbolises. Nokia originated in 1865 as a pulp-making...

BARCELONA: Finnish handset major Nokia is banking on volumes from emerging markets, including India, to regain lost grounds to rival Samsung. "There is clearly an opportunity in India to go much broader in terms of volumes. A product like Lumia 520 is about bringing a Windows phone experience to much lower price points. It is about bringing innovation and aspiration from the high-end segment and delivering it at the lower-end. We are very proud of that because...

NEW DELHI: As Nokia prepares for life without its iconic mobile phone business, the Finnish company is also preparing to welcome a new leader. According to European media reports, the next Nokia CEO could very well be 47-year-old India-born Rajeev Suri, currently the chief executive at Nokia Solutions and Networks. Nokia is expected to make an official decision later on Tuesday when it is scheduled to announce the first quarter results and declare the cash it would pay...

LONDON: Nokia's wisdom in picking outsider Stephen Elop to return it to its former glory will be tested on Friday when the new chief executive reveals his plans to transform the world's biggest cellphone maker. Following a leaked memo in which Elop candidly described the need to leap from Nokia's "burning platform," speculation has intensified that he will announce a radical switch to use software from rivals Microsoft or Google. Nokia ...

HELSINKI/NEW DELHI: Finnish mobile handset maker Nokia on Thursday said it will cut 10,000 jobs globally by the end of 2013 but its Indian operations are unlikely to see any "significant impact". Nokia also announced closure of its facilities in Ulm in Germany and Burnaby in Canada as part of its planned measures to rescale the company by making additional reductions in devices and services. "Today's planned changes will impact Nokia employees throughout...